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General Motorsโ profit and revenue drops, but it maintains lowered full-year outlook
Read full article: General Motorsโ profit and revenue drops, but it maintains lowered full-year outlookGeneral Motorsโ profit and revenue declined in its second-quarter but the automakerโs results managed to easily top Wall Streetโs expectations and the company stuck by its full-year financial outlook that it lowered in May.
GM to invest $4 billion to shift some production from Mexico to the US
Read full article: GM to invest $4 billion to shift some production from Mexico to the USShares of General Motors are up before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher.
CEO pay rose nearly 10% in 2024 as stock prices and profits soared
Read full article: CEO pay rose nearly 10% in 2024 as stock prices and profits soaredThe typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.
General Motors trims 2025 guidance, anticipating potential $5 billion tariff impact
Read full article: General Motors trims 2025 guidance, anticipating potential $5 billion tariff impactGeneral Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
General Motors swings to fourth quarter loss on toughening China conditions, but tops expectations
Read full article: General Motors swings to fourth quarter loss on toughening China conditions, but tops expectationsGeneral Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street.
Hereโs what President Trump said about the auto industry during his Inauguration Speech
Read full article: Hereโs what President Trump said about the auto industry during his Inauguration SpeechAmong his promises was a revival of the auto industry, something he spoke of frequently while campaigning.
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
Read full article: Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assetsThe poor performance of General Motorsโ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.
Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan
Read full article: Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment planTwo towers at Detroitโs iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced on Monday.
GMโs Mary Barra doesnโt rule out demolishing Detroitโs iconic Renaissance Center after move
Read full article: GMโs Mary Barra doesnโt rule out demolishing Detroitโs iconic Renaissance Center after moveWith General Motors moving from the Renaissance Center to the new Hudsonโs building next year, the future of Detroitโs skyline crown jewel is a question mark.
General Motors reports strong first-quarter profits as prices help offset small US sales dip
Read full article: General Motors reports strong first-quarter profits as prices help offset small US sales dipDespite a small dip in U.S. vehicle sales, General Motorsโ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
Future of Ren Cen uncertain as General Motors plans relocation to Hudsonโs tower in Detroit
Read full article: Future of Ren Cen uncertain as General Motors plans relocation to Hudsonโs tower in DetroitGeneral Motors, a key player in Detroit's development and the owner of the Renaissance Center, are making a significant move.
General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center
Read full article: General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance CenterGeneral Motors will move its Detroit headquarters to a new downtown office building next year and redevelop its iconic home along the Detroit River.
GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to US
Read full article: GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to USGeneral Motorsโ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkersโ strike.
GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident
Read full article: GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accidentCalifornia regulators are alleging a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.
GM says it can handle rising labor costs as it announces huge share buyback and dividend increase
Read full article: GM says it can handle rising labor costs as it announces huge share buyback and dividend increaseClearly frustrated with its languishing share price, General Motors is announcing a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike.
Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreads
Read full article: Strikes trim profit at GM in an otherwise strong quarter; more losses likely if picketing spreadsA strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that.
What's at stake as 13,000 workers go on strike at major US auto makers
Read full article: What's at stake as 13,000 workers go on strike at major US auto makersAbout 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldnโt reach a deal with Detroitโs automakers.
General Motors Q2 profit up 52% on strong sales, company confirms new Chevy Bolt EV is coming
Read full article: General Motors Q2 profit up 52% on strong sales, company confirms new Chevy Bolt EV is comingGeneral Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago.
Flashpoint: UAW president sets stage referring to the big 3 automakers as โthe enemy,โ latest on gun reform
Read full article: Flashpoint: UAW president sets stage referring to the big 3 automakers as โthe enemy,โ latest on gun reformWatch Flashpoint every Sunday at 10 a.m. on Local 4 News at Local 4+.
Hobbled by chip, other shortages, GM profit slides 40% in Q2
Read full article: Hobbled by chip, other shortages, GM profit slides 40% in Q2General Motorsโ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and caused the companyโs U.S. sales to fall more than 15%.
GMโs Mary Barra stands by ambitious EV pledge
Read full article: GMโs Mary Barra stands by ambitious EV pledgeThe economy is a bit wobbly, but General Motors CEO Mary Barra isnโt backing off of an audacious prediction: She pledges that by the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.
GM's $2.94B 1Q profit tops Street views, but revenue misses
Read full article: GM's $2.94B 1Q profit tops Street views, but revenue missesGeneral Motorsโ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, though higher prices helped boost revenue, especially in North America.
EXPLAINER: A scarcity of chips feeds frustration, inflation
Read full article: EXPLAINER: A scarcity of chips feeds frustration, inflationEven coming off its fastest rate of annual growth in 37 years, the U.S. economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports, and entertains us.
GM to spend nearly $7B on EV, battery plants in Michigan
Read full article: GM to spend nearly $7B on EV, battery plants in MichiganGeneral Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.
Michigan OKs $824M in incentives for GMโs EV, battery plants
Read full article: Michigan OKs $824M in incentives for GMโs EV, battery plantsGeneral Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant.
GM CEO says making ventilators changed the company culture
Read full article: GM CEO says making ventilators changed the company cultureThe CEO of General Motors says the automaker learned valuable lessons last year when it stepped in to boost emergency production of ventilators to treat severely ill COVID-19 patients.
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Ford, GM profits fall as sales drop due to chip shortage
Read full article: Ford, GM profits fall as sales drop due to chip shortageThe global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.
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General Motorsโ promise for the future: Double revenue, lead in electric cars
Read full article: General Motorsโ promise for the future: Double revenue, lead in electric carsGeneral Motors is hosting its 2021 Investor Day pitching Wall Street on its plans to double revenue to $280 billion by 2030 and showcasing its plans for electric vehicles and new technology.
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General Motors CEO, Detroit mayor announce new GM-funded initiative to help cityโs residents
Read full article: General Motors CEO, Detroit mayor announce new GM-funded initiative to help cityโs residentsGeneral Motors CEO Mary Barra and Detroit Mayor Mike Duggan announced another GM-funded initiative to help the cityโs residents.
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From CVS to Goldman Sachs, FDA move prompts vaccine mandates
Read full article: From CVS to Goldman Sachs, FDA move prompts vaccine mandatesFrom Walt Disney World to Goldman Sachs, a flurry of private and public employers are requiring workers to get vaccinated against COVID-19 after the federal government gave full approval to the Pfizer shot.
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Eying deal, GM softens on tough standards for car pollution
Read full article: Eying deal, GM softens on tough standards for car pollutionThe nationโs largest automaker says it can support greenhouse gas emissions limits that other car manufacturers negotiated with California โ if they are achieved mostly by promoting sales of fully electric vehicles.
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GM profit surges to $2.98B on sales of higher-margin trucks
Read full article: GM profit surges to $2.98B on sales of higher-margin trucksGeneral Motorsโ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices overcame production cuts brought on by the global shortage of computer chips.
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GM boosts ad spending with Black-owned media in wake of racism allegations
Read full article: GM boosts ad spending with Black-owned media in wake of racism allegationsGM has committed to increase ad spending from half a percent of the billions spent every year to 2% this year, 4% percent in 2022 and 8% by 2025.
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The Latest: New Mexico preparing for 'vaccine hesitancy'
Read full article: The Latest: New Mexico preparing for 'vaccine hesitancy'New Mexico health officials say they are preparing to respond to pockets of vaccine hesitancy in some communities as overall interest increases in receiving the vaccine for COVID-19.
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Union, automakers headed for fight over battery plant wages
Read full article: Union, automakers headed for fight over battery plant wagesThe United Auto Workers union is calling on General Motors to pay full union wages at electric vehicle battery factories, thrusting what was a festering conflict into the spotlight because automakers want to pay less.
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Leaders of GM, Ford among opponents of GOP voting restrictions
Read full article: Leaders of GM, Ford among opponents of GOP voting restrictionsThe leaders of three-dozen major Michigan-based companies, including General Motors and Ford, have announced their objection to Republican-sponsored election bills that would make it harder to vote in Michigan and other states.
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GM responds to allegations of racism
Read full article: GM responds to allegations of racismDETROIT โ GM is responding to allegations of racism that were printed in a full-page advertisement in Sundayโs Detroit Free Press. The advertisement accuses GM CEO Mary Barra of consistently refusing to meet with several Black-owned media companies. Detroiter Byron Allen is asking GM to allocate at least 5% of its advertising budget to go toward Black-owned media companies. The ad claims less than 1% of GMโs marketing budget goes toward Black-owned media companies. GMThe automaker cited its work with HBCUs, its partnership with National Association Of Black Owned Broadcasters and AIMM.
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GM expands board to 13 with Meg Whitman and NBA's Mark Tatum
Read full article: GM expands board to 13 with Meg Whitman and NBA's Mark TatumGeneral Motors expanded its board of directors to 13, appointing former Hewlett-Packard chief Whitman and NBA executive Mark Tatum effective Thursday, March 25, 2021. Seven of GMs directors are now women, including board chair and Chief Executive Officer Mary Barra, who in 2014 became the first woman to lead a major U.S. automaker. (AP Photo/Richard Drew, File)DETROIT โ General Motors said Thursday that it has expanded its board to 13 members and appointed former Hewlett-Packard chief Meg Whitman and NBA executive Mark Tatum as directors. There has been an acknowledgment in the U.S. and abroad that white men are overrepresented on the boards of major corporations. Women hold 43.8% of the board seats at companies in Franceโs 40 biggest publicly traded companies, the U.K. panel said.
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Marriott CEO Sorenson, 62, dies of pancreatic cancer
Read full article: Marriott CEO Sorenson, 62, dies of pancreatic cancerFILE - In this Dec. 19, 2012, file photo, Marriott CEO Arne Sorenson speaks during a groundbreaking ceremony for a Marriott hotel in Port-au-Prince, Haiti. Sorenson was the third CEO in Marriotts 93-year history, and the first without the Marriott surname. Sorenson reduced his schedule at Marriott this month to pursue a more aggressive cancer treatment. He was first diagnosed with pancreatic cancer in 2019; a recent routine scan had confirmed the cancer had returned, the company said. Sorenson was the first Marriott CEO whose name was not Marriott, and only the third to lead the company in its 93-year history.
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Cost of a single Bitcoin exceeds $50,000 for first time
Read full article: Cost of a single Bitcoin exceeds $50,000 for first timeโ The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Some businesses also accept bitcoin, but its popularity has stalled out in recent years. Overstock.com appears to accept Bitcoin for most listings on its website, including cameras, vacuums and clothes. When this bubble bursts and at what price Bitcoin settles at is anyoneโs guess,โ Reiners said.
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GM's Chevy Bolt SUV joins parade of new US electric vehicles
Read full article: GM's Chevy Bolt SUV joins parade of new US electric vehiclesThe Bolt Electric Utility Vehicle will go on sale early this summer as a 2022 model. About 2.5 million electric vehicles were sold worldwide last year. Fully electric vehicles accounted for less than 2% of U.S. new vehicle sales last year, and Americans continue to spend record amounts on larger gas-powered trucks and SUVs. IHS Markit analyst Stephanie Brinley said the new SUV is another step toward wider adoption of fully electric vehicles, but it will take many more. The credit is phased out after manufacturers hit 200,000 in electric vehicle sales, and GM and Tesla have both passed that level.
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Autoworkers face uncertain future in an era of electric cars
Read full article: Autoworkers face uncertain future in an era of electric carsIt also clouded the future for 50,000 GM workers whose skills โ and jobs โ could become obsolete far sooner than they knew. But President Joe Biden has made the development of a U.S. electric vehicle supply chain a key part of his ambitious plan to create 1 million more auto industry jobs with electric vehicles. The more environmentally focused plants of the future will need fewer workers, mainly because electric vehicles contain 30% to 40% fewer moving parts than petroleum-run vehicles. At the century-old transmission plant in Toledo, GM workers make sophisticated six-, eight-, nine- or 10-speed gearboxes. Eventually, those parts will be replaced by far simpler single-speed drivetrains for electric vehicles.
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GM 2020 profit drops, but it makes $6.43B despite pandemic
Read full article: GM 2020 profit drops, but it makes $6.43B despite pandemicGeneral Motors net profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. (AP Photo/Richard Drew, File)DETROIT โ General Motors' profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. GM predicted the shortage will cost it $1.5 billion to $2 billion in earnings before taxes this year due to lost production. Still, GM expects pretax income for the year of $10 billion to $11 billion, or $4.50 to $5.25 per share. Of that, $6 billion would go to electric vehicles and $1 billion would go to autonomous, Chief Financial Officer Paul Jacobson said.
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General Motors sets goal of going largely electric by 2035
Read full article: General Motors sets goal of going largely electric by 2035The Detroit automaker's push into electric vehicles has gone into overdrive this year. By the end of 2025, 40% of its U.S. models will be battery electric vehicles. The company plans to include crossovers, SUVs, sedans and trucks in its electric vehicle lineup. It's also working with others, including the Environmental Defense Fund, to build out the necessary infrastructure to power its electric vehicles and to promote their use. It wants to be seen as a clean vehicle company, rather than a builder of cloud-spewing gas-powered pickups and SUVs.
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5 CES Trends to Watch
Read full article: 5 CES Trends to WatchFILE - People look at a 145 inch Ultra Large UHD display in the LG booth at the CES tech show, on Jan. 8, 2020, in Las Vegas. CES, the annual gadget show that showcases the buzziest and brightest tech, looks different this year less Vegas glitz, more internet efficiency. Trends to watch reflect the tumultuous year that preceded it. These include COVID-related robots and gadgets, products that make it easier to work from home, more uses for 5G technology, AI infused in everything, and TVs that can bend or even become transparent. On the last day of CES, Samsung will debut its new 5G enabled iteration of its Samsung Galaxy phone โ an event that isn't affiliated with CES but still likely to draw buzz.
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GM charges up new unit to sell electric delivery vans, gear
Read full article: GM charges up new unit to sell electric delivery vans, gearThis photo provided by General Motors shows EP1 electric pallet. General Motors is forming a new business unit to tap the market for delivery vehicles and equipment powered by electricity. Then GM will roll out a clean electric delivery van. Showing Wall Streetโs fascination with electric vehicles, GM shares rose to their highest intraday price since the company left bankruptcy protection in 2010. GM has pledged to roll out 30 new electric vehicles globally and spend $27 billion developing them by 2025.
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General Motors CEO Mary Barra calls for peace: โItโs imperative that we come togetherโ
Read full article: General Motors CEO Mary Barra calls for peace: โItโs imperative that we come togetherโFILE - In this July 16, 2019 file photo, General Motors Chairman and Chief Executive Officer Mary Barra speaks during the opening of their contract talks with the United Auto Workers in Detroit. General Motors says it will no longer support the Trump administration in legal efforts to end California's right to set its own clean-air standards. Barra said in a letter Monday, Nov. 23, 2020 to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to do so. (AP Photo/Paul Sancya)(Copyright 2019 The Associated Press. All rights reserved)
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GM flips to California's side in pollution fight with Trump
Read full article: GM flips to California's side in pollution fight with TrumpDETROIT โ General Motors is switching sides in the legal fight against California's right to set its own clean-air standards, abandoning the Trump administration as the president's term nears its close. CEO Mary Barra said in a letter Monday to environmental groups that GM will no longer support the Trump administration in its defense against a lawsuit over its efforts against California's standards. Already at least one other large automaker, Toyota, said it may join GM in switching to California's team. About a dozen other states follow California's standards. In September of 2019, Trump announced his administration would seek to revoke Californiaโs congressionally granted authority to set standards that are stricter than those issued by federal regulators.
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'More people may die': Biden urges Trump to aid transition
Read full article: 'More people may die': Biden urges Trump to aid transitionโMore people may die if we donโt coordinate,โ Biden told reporters during a news conference Monday in Wilmington, Delaware. The Trump administration is working on its own distribution plan, while Bidenโs chief of staff indicated his transition team will proceed with their own planning separately because of the obstruction. Last week, a larger group of Republicans in Congress called on the Trump administration to allow Biden to begin receiving national security briefings. Since defeating Trump, Biden has devoted most of his public remarks to encouraging Americans to wear masks and embrace social distancing measures. But on whether Biden should receive coronavirus briefings, many of Trump's allies on Capitol Hill remained dug in.
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'More people may die': Biden urges Trump to aid transition
Read full article: 'More people may die': Biden urges Trump to aid transitionโMore people may die if we donโt coordinate,โ Biden told reporters during a news conference in Wilmington, Delaware. The Trump administration is working on its own distribution plan, while Bidenโs chief of staff indicated his transition team will proceed with their own planning separately because of the obstruction. Last week, a larger group of Republicans in Congress called on the Trump administration to allow Biden to begin receiving national security briefings. Since defeating Trump, Biden has devoted most of his public remarks to encouraging Americans to wear masks and embrace social distancing measures. But on whether Biden should receive coronavirus briefings, many of Trump's allies on Capitol Hill remained dug in.
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GM to make electric vehicle, supply batteries for Nikola
Read full article: GM to make electric vehicle, supply batteries for NikolaGeneral Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola. In exchange for the 10-year deal, GM will get a $2 billion worth of Nikola's newly-issued common stock that will come three increments through 2025. GM has been under pressure from Wall Street to more quickly monetize its electric vehicle technology, perhaps spinning off its EV unit as a separate company. GM has its own battery electric truck, a GMC Hummer, due to go on sale a year ahead of the Badger. GM also will get supply contracts for batteries and fuel cells and electric vehicle regulatory credits that can be used by GM to comply with fuel economy and pollution standards, or sold to other companies.
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Ivanka Trump tours GMs Technical Learning University with CEO Mary Barra
Read full article: Ivanka Trump tours GMs Technical Learning University with CEO Mary BarraMichigan is a battleground state state for the 2020 presidential election, which makes it a popular place for candidates and their representatives to visit. The presidents daughter and advisor, Ivanka Trump, toured a General Motors facility in Warren Wednesday. GM CEO Mary Barra joined Deputy Commerce Secretary Karen Dunn Kelly and Ivanka Trump at the new GM Technical Learning University, where GM employees keep their skills current. Weve invested in a training facility, Barra said. This is a nice continuation of what weve been doing in this space in the most important resource of this country, which is our people, whether they be students or workers, Trump said.

LIVE STREAM: Ivanka Trump to tour GMs Technical Learning University with Mary Barra
Read full article: LIVE STREAM: Ivanka Trump to tour GMs Technical Learning University with Mary BarraIvanka Trump is scheduled to be in Michigan on Wednesday for a tour at a General Motors facility. According to the White House, Ivanka Trump will tour GMs Technical Learning University at the Global Tech Center in Warren with Marry Barra, GM chairman and CEO, on Wednesday, Sept. 2. (She will) learn more about GMs programs to improve the technical ability of their skilled trades workers and manufacturing engineers, reads a statement from the White House. Prioritizing the American worker and their family is the top priority, and Im proud to visit General Motors Technical Learning University, where workers are learning on-the-job while earning a paycheck. Detroit, GM, and the talented GM workforce are ensuring the great American comeback is underway and Im looking forward to seeing firsthand, reads a statement from Ivanka Trump.
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Ivanka Trump to tour GMs Technical Learning University this week with Mary Barra
Read full article: Ivanka Trump to tour GMs Technical Learning University this week with Mary BarraIvanka Trump is scheduled to be in Michigan this week for a tour at a General Motors facility. According to the White House, Ivanka Trump will tour GMs Technical Learning University at the Global Tech Center in Warren with Marry Barra, GM chairman and CEO, on Wednesday, Sept. 2. The group will meet apprentices and employees on campus and interact with a number of manufacturing and educational stations at the Technical Learning University.Ivanka Trump holds an advisor role in her fathers administration. Prioritizing the American worker and their family is the top priority, and Im proud to visit General Motors Technical Learning University, where workers are learning on-the-job while earning a paycheck. Detroit, GM, and the talented GM workforce are ensuring the great American comeback is underway and Im looking forward to seeing firsthand, reads a statement from Ivanka Trump.
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Rising star in Detroit departs suddenly for Silicon Valley
Read full article: Rising star in Detroit departs suddenly for Silicon ValleyThe chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise departure to join Jack Dorsey's startup, Stripe. She has helped the company strengthen our balance sheet, improve our cost structure, focus on cash generation and drive the right investments for our future. Stripe is maintaining a $2 billion balance sheet, more fortress-like than besieged, as so many major companies have become during the COVID-19 crisis. Adding to Stripes client roster this year alone are the companies Caviar, Coupa, Just Eat, Mattel, NBC, and Paid. I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripes already steep growth trajectory.General Motors named John Stapleton, GM North America chief financial officer, as acting global chief financial officer, effective Saturday.
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Plug it in: Electric car charging station numbers are rising
Read full article: Plug it in: Electric car charging station numbers are risingThere are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs. Currently electric vehicles make up only about 1.3% of total new vehicle sales in the U.S., according to the Edmunds.com auto site. But the bulk of the nations public charging network is much slower. Electrify America now has over 450 charging stations in the U.S. with more than 2,000 fast-charging outlets, Moran said. Guidehouse analyst Sam Abuelsamid said the number of chargers is increasing rapidly and should be enough to meet demand as more electric vehicles are sold.
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Q&A with General Motors CEO Mary Barra
Read full article: Q&A with General Motors CEO Mary BarraIts gotten a whole lot more complicated since Mary Barra took over as CEO of General Motors in 2014. People understood that were working hard to keep the environment safe for them. We feel that weve got a safe environment at work. The conversation Ive had with many different officials is they understand with the protocols that people are safe at work. And so we look at all the work weve done, what we want to do now is build on that.
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Europe's shift to electric cars picks up despite recession
Read full article: Europe's shift to electric cars picks up despite recessionThe coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up despite a deeply painful recession, mainly thanks to the action of governments. (AP Photo/Jens Meyer, file)FRANKFURT The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. By contrast, electric car adoption is moving more slowly in the U.S. due to regulatory uncertainty. Last year, automakers sold 236,000 fully electric vehicles in the U.S., only 1.3% of the 17.3 million new vehicles that were purchased.
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Appeals court: CEOs of General Motors, Fiat Chrysler dont have to meet to settle lawsuit
Read full article: Appeals court: CEOs of General Motors, Fiat Chrysler dont have to meet to settle lawsuitDETROIT General Motors is suing Fiat Chrysler for an alleged bribery scheme involving the United Auto Workers (UAW). A federal judge hearing the case wanted the companys CEOs to sit down and hash out a deal. READ: General Motors appeals ruling in FCA lawsuit after judge tells CEOs to make a dealGM filed a racketeering lawsuit against FCA and its now deceased CEO Sergio Marchionne last November. On June 23, a district judge ordered that CEOs Mary Barra of GM and Michael Manley of FCA to meet in person, without legal counsel. They were ordered to personally report back to the district judge on July 1 on their progress on settling the case.
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General Motors appeals ruling in FCA lawsuit after judge tells CEOs to make a deal
Read full article: General Motors appeals ruling in FCA lawsuit after judge tells CEOs to make a dealDETROIT General Motors is suing Fiat Chrysler for an alleged bribery scheme involving the United Auto Workers (UAW). The federal judge hearing the case wants the companys CEOs to sit down and hash out a deal. But GM CEO Mary Barra is not interested in that. GM filed a racketeering lawsuit against FCA and its now deceased CEO Sergio Marchionne last November. READ: UAW president steps down as GM sues rival over union bribery
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Coronavirus in Michigan: Hereโs what to know June 16, 2020
Read full article: Coronavirus in Michigan: Hereโs what to know June 16, 2020The number of confirmed cases of the coronavirus (COVID-19) in Michigan has risen to 60,064 as of Monday, including 5,772 deaths, state officials report. Mondayโs total represents an increase of 74 cases and two additional deaths. Sundayโs total was 59,990 confirmed cases and 5,770 deaths. New cases and deaths continue to slow in Michigan, along with hospitalizations. Hereโs a look at the data in Michigan:Because of coronavirus (COVID-19), itโs been a rough year for most businesses and the auto industry is doing its best to recover.
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General Motors CEO Mary Barra promises full production by the end of June
Read full article: General Motors CEO Mary Barra promises full production by the end of JuneDETROIT Because of coronavirus (COVID-19), its been a rough year for most businesses and the auto industry is doing its best to recover. On Monday evening, General Motors CEO Mary Barra did an expansive fireside chat with the Automotive Press Association. Barra said she expects the auto industry to take a big sales hit. Barra expects no employee cuts in the near future and expects many officer workers to be headed back to their desks before too long. Were calling full production, but obviously in some segments were watching when market demand will be, Barra said.
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Detroit business leaders speak out against racism, institute plans to combat systemic problems
Read full article: Detroit business leaders speak out against racism, institute plans to combat systemic problemsDETROIT The CEOs of nine Detroit businesses were joined with Mayor Mike Duggan and Rev. Wendell Anthony to speak out against racism Wednesday morning. Dr. Wendell Anthony, President of Detroit Chapter of the NAACPMike Duggan, Mayor of DetroitThe group said they believe it is the responsibility of every American to speak out against the racism," and that they stand with the black community in calling for change across the nation.The business leaders said they are committing themselves and their companies to reject and eliminate all forms of bias, racism, sexism and violence. To back up their words, the group said their companies will be investing in programs and policies to help transform disparities that exist, locally and nationally. The group urged government officials to hold accountable all individuals involved with the deaths that have occurred.

LIVE STREAM: 9 Detroit CEOs, including Mary Barra, Bill Ford, Chris Ilitch, speak on racism, injustice
Read full article: LIVE STREAM: 9 Detroit CEOs, including Mary Barra, Bill Ford, Chris Ilitch, speak on racism, injusticeDETROIT Nine CEOs from Detroits biggest companies are coming together to speak out against racism and injustice during a press event on Wednesday morning. The event is planned for 9:30 a.m. -- you can watch it live in the video player above. Who is participating:
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Detroit CEOs speak out against racisim, vow to make changes, right social wrongs
Read full article: Detroit CEOs speak out against racisim, vow to make changes, right social wrongsDETROIT Business leaders from some of the nations largest companies gathered Wednesday morning at Detroit City Hall. ORIGINAL STORY: Detroit business leaders speak out against racism, institute plans to combat systemic problemsThe event was coordinated by Detroit Mayor Mike Duggan to speak out against racism and injustice. Dr. Wendell Anthony, President of Detroit Chapter of the NAACPMike Duggan, Mayor of DetroitDetroits NAACP leader Rev. Every one of us has a stake in the harsh reality that is life for minorities in America," Torgow said. Henry Ford Health System CEO Wright Lassiter grew up with civil rights leaders in his home -- his parents marched in Selma in 1965.
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General Motors CEO address concerns protesters across the country are expressing
Read full article: General Motors CEO address concerns protesters across the country are expressingDETROIT General Motors CEO Mary Barra is looking to address the concerns protesters across the country are expressing. Protests have been taking place across the country following the death of George Floyd. A Minneapolis police officer is accused of pressing his knee into Floyds neck for several minutes. Barras letter is titled, there is a big difference between seeing whats wrong and doing whats right.In it, she commits to inclusion, condemning intolerance and standing up against injustice. She is looking to spend considerable time against the issue.
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AMD's Lisa Su is first woman to top AP's CEO pay analysis
Read full article: AMD's Lisa Su is first woman to top AP's CEO pay analysisFILE - In this May 1, 2019 photo, Lisa Su, president and CEO of AMD, attends the opening bell at Nasdaq, in New York. Pay for women was up 2.3% from last year, looking at the median; the median change for men was 5.4%. The gain was driven primarily by rewards for performance, including $53 million in stock awards and $3 million in stock options, which vest over several years. To calculate CEO pay, Equilar adds salary, bonus, perks, stock awards, stock option awards, deferred compensation and other pay components that include benefits and perks. Stock awards can either be time-based, or performance-based, meaning the CEO has to meet certain goals before getting them.
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GM: First Ventec Critical Care V+Pro Ventilators are ready for delivery
Read full article: GM: First Ventec Critical Care V+Pro Ventilators are ready for deliveryWorkers prepare to build ventilators at the GM manufacturing facility in Kokomo, Indiana, Monday, April 6, 2020, where GM and Ventec Life Systems are partnering to produce Ventec critical care ventilators in response to the COVID-19 pandemic. (Photo by AJ Mast for General Motors)DETROIT โ General Motors announced Tuesday that its first Ventec Life Systems V+Pro critical care ventilators are ready for delivery to the U.S. governmentโs Strategic National Stockpile. GM was awarded April 8 with a government contract with the U.S. Department of Health and Human Services (HHS) to build 30,000 ventilators by August. The automaker is working with Ventec Life Systems, a partnership announced in March, to produce the machines at its plant in Kokomo, Indiana. The automaker said it has the capacity to build more ventilators after August if needed.